Voya Financial, Inc. $VOYA Stock Sold by Pzena Investment Management LLC

Pzena Investment Management LLC trimmed its holdings in Voya Financial, Inc. (NYSE:VOYA – Free Report) by 2.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,428,602 shares of the asset manager’s stock after selling 101,044 shares during the quarter. Pzena Investment Management LLC owned approximately 3.78% of Voya Financial worth $323,934,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in shares of Voya Financial during the second quarter worth $850,187,000. Bank of New York Mellon Corp bought a new stake in Voya Financial in the 2nd quarter valued at $520,280,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Voya Financial in the 2nd quarter valued at $38,757,000. First Trust Advisors LP increased its holdings in Voya Financial by 280.8% in the 1st quarter. First Trust Advisors LP now owns 526,864 shares of the asset manager’s stock valued at $35,995,000 after acquiring an additional 388,520 shares during the last quarter. Finally, Bank of America Corp DE purchased a new stake in Voya Financial in the 2nd quarter worth $34,060,000. 96.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on VOYA shares. Keefe, Bruyette & Woods cut Voya Financial from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $110.00 to $108.00 in a report on Friday, October 9th. Weiss Ratings raised Voya Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, September 29th. Atlantic Securities set a $79.00 price target on Voya Financial in a report on Wednesday, July 15th. TD Cowen lifted their price objective on Voya Financial from $112.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. Finally, JPMorgan Chase & Co. decreased their price objective on Voya Financial from $109.00 to $105.00 and set a “neutral” rating on the stock in a report on Thursday, October 15th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $103.69.

View Our Latest Research Report on VOYA

Insider Buying and Selling at Voya Financial

In other news, insider Trevor Ogle sold 2,093 shares of the business’s stock in a transaction on Monday, October 26th. The shares were sold at an average price of $95.81, for a total transaction of $200,530.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.57% of the company’s stock.

Trending Headlines about Voya Financial

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Voya Financial Trading Up 1.4%

Shares of NYSE VOYA opened at $104.57 on Thursday. Voya Financial, Inc. has a fifty-two week low of $64.50 and a fifty-two week high of $105.64. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.27 and a current ratio of 0.35. The company has a market cap of $9.47 billion, a price-to-earnings ratio of 16.81, a PEG ratio of 1.05 and a beta of 0.85. The business’s 50 day moving average price is $98.71 and its 200-day moving average price is $86.58.

Voya Financial (NYSE:VOYA – Get Free Report) last posted its quarterly earnings data on Monday, November 2nd. The asset manager reported $2.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.59 by $0.01. The company had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Voya Financial had a return on equity of 12.67% and a net margin of 7.75%. Voya Financial’s revenue was down 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.45 EPS. On average, sell-side analysts expect that Voya Financial, Inc. will post 9.16 earnings per share for the current year.

Voya Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 29th. Stockholders of record on Tuesday, November 24th will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 2.2%. This is a positive change from Voya Financial’s previous quarterly dividend of $0.47. The ex-dividend date is Tuesday, November 24th. Voya Financial’s dividend payout ratio is 36.66%.

Voya Financial Profile

(Free Report)

Voya Financial, Inc is a U.S.-based financial services company that helps individuals, employers and institutions plan for retirement, manage investments and address employee benefit needs. Its businesses are organized primarily around Retirement, Employee Benefits and Investment Management.

Voya’s retirement business provides workplace retirement plans, including defined contribution and defined benefit solutions, as well as individual retirement products and advisory services. Its employee benefits operations offer products such as health, life, disability and supplemental insurance, along with benefits administration and related services for employers and their workers.

Through its investment management business, Voya provides institutional and individual investors with asset-management and advisory capabilities across a range of investment strategies.

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Institutional Ownership by Quarter for Voya Financial (NYSE:VOYA)

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